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Free Tax Software to estimate tax
Free Tax Software to estimate tax
As we get near the end of the year, I'm trying to figure if our already paid estimated taxes will cover what we owe. I can do back of the napkin calculations, but we are getting close to IRMMA levels and accuracy is a bit more important this time around. (Luckily, interest rates are dropping and we won't have this 'problem' next year!)
What free software can I throw on the computer and fill out for this? Thanks...
What free software can I throw on the computer and fill out for this? Thanks...
Insert clever comment here...
Re: Free Tax Software to estimate tax
The software you used for your taxes last year? Or maybe the online version if you used that.nesdog wrote: ↑Tue Oct 01, 2024 10:24 am As we get near the end of the year, I'm trying to figure if our already paid estimated taxes will cover what we owe. I can do back of the napkin calculations, but we are getting close to IRMMA levels and accuracy is a bit more important this time around. (Luckily, interest rates are dropping and we won't have this 'problem' next year!)
What free software can I throw on the computer and fill out for this? Thanks...
If I get to within a few thousand dollars of an IRMAA tier (under, obviously), I'm okay with that.
Re: Free Tax Software to estimate tax
I use this for my 2024 estimated taxes - https://www.dinkytown.net/taxes.html
John C. Bogle: "Never confuse genius with luck and a bull market".
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Re: Free Tax Software to estimate tax
If a person can do their taxes at 'tax-time' to figure the tax due, then they can also do it periodically throughout the year.
That's what I do.
That's what I do.
Early-retired ... overall portfolio AA 50/50 ... (46% tIRA, 33% RIRA, 16% taxable, 5% HSA) ... (16% SCHB, 16% VTI, 13% SCHF, 5% VITSX, 42% USTreasuries, 8% SGOV).
Re: Free Tax Software to estimate tax
I've been using Personal Finance Toolbox for years.nesdog wrote: ↑Tue Oct 01, 2024 10:24 am As we get near the end of the year, I'm trying to figure if our already paid estimated taxes will cover what we owe. I can do back of the napkin calculations, but we are getting close to IRMMA levels and accuracy is a bit more important this time around. (Luckily, interest rates are dropping and we won't have this 'problem' next year!)
What free software can I throw on the computer and fill out for this? Thanks...
https://www.bogleheads.org/wiki/Tools_and_calculators
Cheers.
"Repeating a thing doesn't improve it." Quote from Inman, as played by Jude Law, in the movie "Cold Mountain"
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Re: Free Tax Software to estimate tax
I used this and so have many others here for such a purpose. Very simple to use interface.
https://www.mortgagecalculator.org/calc ... ulator.php
Cheers
https://www.mortgagecalculator.org/calc ... ulator.php
Cheers
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Re: Free Tax Software to estimate tax
If you're comfortable with the tax forms and spreadsheets, you might like the Federal Income Tax Spreadsheet published by Glenn Reeves; I've used these for several years (pretty sure I heard about them here). T
https://sites.google.com/view/incometaxspreadsheet/home
https://sites.google.com/view/incometaxspreadsheet/home
Re: Free Tax Software to estimate tax
Another spreadsheet-based option: http://www.taxvisor.com/taxes/index.html
(without knowledge or opinion about which is better)
(without knowledge or opinion about which is better)
Re: Free Tax Software to estimate tax
Thanks! Some good resources there to check out.
Insert clever comment here...
Re: Free Tax Software to estimate tax
Tax estimation tools - Bogleheads has some tables to show what several common tools do and don't cover.
Re: Free Tax Software to estimate tax
AARP has a 1040 Tax calculator that does a good basic job, very straightforward input of your data and from my experience using it does a good job estimating taxes. Has a nice bar chart and summary output.